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Lesson
Support cannot be directed to the most vulnerable in a crisis in the absence of a social protection system that can be utilized or adapted for this purpose—which provides an additional reason for working with developing member countries to establish and strengthen such systems.

Project Number: 54346-001
Project Name: COVID-19 Rapid Response Program
Report Date:
Lesson
When designing results frameworks, the use of policy actions as results indicators should be minimized. If the indicator measures the reform success by the completion of the policy actions, it provides little information on the success of that policy action and undermines the relevance of the policy action for no result is achieved other than itself.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
Outcome indicators that do not measure the achievement of outcomes and that are only indirectly linked to the desired outcomes weaken the attainment of objectives.

Project Number: 51059-001, 51059-002
Project Name: Improved Fiscal and Infrastructure
Management Program
Report Date:
Lesson
Outcome objectives did not directly link to policy actions and to outputs and therefore were not attained. If the outcome objectives are not closely linked to outputs and are overly ambitious, it is difficult to achieve a satisfactory outcome.

Project Number: 51059-001, 51059-002
Project Name: Improved Fiscal and Infrastructure
Management Program
Report Date:
Lesson
Development partners should both support and take advantage of opportunities that arise when governments are committed to reform, which should also be recognized in their country programming. the government that came to office in 2018 was strongly reform-minded. Even though Armenia suffered two exogenous shocks in the form of the coronavirus disease (COVID-19) and conflict with a neighboring country, reform commitment did not waver. This contributed strongly to the ultimate outcome of this program.

Project Number: 51060-002, 51060-003
Project Name: Public Efficiency and Financial Markets Program (Subprograms 1 and 2)
Report Date:
Lesson
When programs embody reforms that are directed at strengthening the institutional framework for the operation of key markets, such as those underlying financial markets, clearly articulating them in the program documents clarifies objectives. By not doing so, it risks the results of the program not being fully apparent due to the lengthy period for the reforms to come to fruition. By setting as outcome objectives, what the improved framework will lead to places the outcome outside the time frame of the program

Project Number: 51060-002, 51060-003
Project Name: Public Efficiency and Financial Markets Program (Subprograms 1 and 2)
Report Date:
Lesson
Programs that involve public sector management and finance reforms need to consider information from the country’s Supreme Audit Institution, not only to inform their views on the transparency and accountability of government administration before the program commences, but also in the evaluation of the program once it is complete.

Project Number: 50145-001
Project Name: Countercyclical Support Facility Program
Report Date:
Lesson
The assessment of a program’s development effectiveness is difficult in the absence of a structured and aligned outcome indicators.

Project Number: 50145-001
Project Name: Countercyclical Support Facility Program
Report Date:
Lesson
Appropriate targeting method and the quality of the fiscal stimulus are crucial in supporting CSF programs.

Project Number: 50145-001
Project Name: Countercyclical Support Facility Program
Report Date:
Lesson
Inclusion of gender targets in policy actions and DMF ensures the delivery of gender actions benefiting women.

Project Number: 41544-088, 41544-089, 41544-091
Project Name: Second Investment Climate Improvement Program (Subprograms 1–3)
Report Date:
Lesson
Reforms on tax burden and administration should be broad enough to significantly reduce the cost of tax compliance and eventually the size of the informal economy.

Project Number: 41544-088, 41544-089, 41544-091
Project Name: Second Investment Climate Improvement Program (Subprograms 1–3)
Report Date:
Lesson
A major constraint to the sustainability of reforms in macroeconomic management and financial sector development in small economies is the difficulty in recruiting, training, and retaining staff to undertake key analysis, supervision, and management functions.

Project Number: 46371-002
Project Name: Strengthening Economic Management Program II
Report Date:
Lesson
Gender elements should be a default item in the menu of actions for projects and programs supporting financial inclusion.

Project Number: 46371-002
Project Name: Strengthening Economic Management Program II
Report Date:
Lesson
A lack of assessment and monitoring of contingent liabilities causing fiscal risk and limited coverage of public financial management affecting expenditure and fiscal consolidation was an additional risk identified for subprograms 2 and 3.

Project Number: 48044-001, 48044-004, 48044-005
Project Name: Improving Domestic Resource Mobilization for Inclusive Growth Program
Report Date:
Lesson
The DMF was reasonably well-designed and the performance indicators—with the exception of the initial program impact indicators—targets, and baseline data were precise and generally easily measurable. However, the PCR assessed the program against the DMF prepared for subprogram 3, which, like subprogram 2 had no indicators to measure impact, although these were included for subprogram 1.

Project Number: 48044-001, 48044-004, 48044-005
Project Name: Improving Domestic Resource Mobilization for Inclusive Growth Program
Report Date: